A month ago today, sources passed on information to me indicating that the BC Ferries executives had been given significant raises, making the meager tokens given to ferry workers look like peanuts.
After contacting BC Ferries spokesperson Deborah Marshall, I posted this blog: http://lailayuile.com/2013/07/17/bc-ferries-didnt-give-management-300-perks-but-did-they-give-them-a-10-bonus-or-a-raise/#comment-31005
Of course, my sources are rock solid and yesterday the report was filed with SEDAR on the last possible day before the regulatory deadline to do so.
And of course, executives received more than 10% increases.
I’m sure that they are all standing around patting themselves on the back right about now…. but if you need a really good laugh, just read the executive report detailing why and what they did to deserve these financial rewards: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020627
BC Ferries: Getting not much done, expensively.